735 Randolph Street  
Detroit, Michigan 48226  
glwater.legistar.com  
Great Lakes Water Authority  
Meeting Minutes - Final  
Audit Committee  
Friday, March 25, 2022  
8:00 AM  
Zoom Telephonic Meeting  
1. Call To Order  
Chairperson Baker called the meeting to order at 8:00 a.m.  
2. Quorum Call  
3 - Chairperson Brian Baker, Director Gary Brown, and Director Jaye Quadrozzi  
Present:  
3. Approval of Agenda  
Chairperson Baker requested a Motion to Approve the Agenda.  
Motion By: Jaye Quadrozzi  
Support: Gary Brown  
Action: Approved  
The motion carried unanimously.  
4. Approval of Minutes  
2022-121  
A.  
Approval of Minutes of February 25, 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 4A February 25, 2022 Audit Committee Meeting Minutes  
Chairperson Baker requested a Motion to Approve the February 25, 2022 Audit  
Committee Meeting Minutes.  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Approved  
The motion carried by a unanimous vote.  
5. Public Comment  
6. Old Business  
There were no public comments.  
2022-126  
A.  
Water Residential Assistance Program Updates  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 6A1 Water Residential Assistance Program Update March 2022  
6A2 Water Residential Assistance Program Update  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
7. New Business  
2022-119  
A.  
Resolution Regarding Approval of Series Ordinance Authorizing  
Issuance and Sale of Sewerage Disposal System Revenue Bonds in  
an Amount Not to Exceed $42,000,000 (Ordinance 2022-02)  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7A3 Resolution Approving 2022-1 SRF Series Ordinance (Sewer)  
5655-03  
7A4 Series Ordinance (2022-SRF-1 GLWA Sewer)  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Recommended for Approval to the Board of Directors Workshop Meeting  
Agenda of April 13, 2022  
The motion carried by a unanimous vote.  
2022-120  
B.  
Resolution Authorizing Publication of Notice of Intent to Issue Water  
Supply System and Sewer Disposal System Revenue Bonds  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments:  
7B3 Resolution Regarding Publication of Notice of Intent to Issue  
Bonds (Sewer) 2022  
7B4 Resolution Regarding Publication of Notice of Intent to Issue  
Bonds (Water) 2022  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Recommended for Approval to the Board of Directors Workshop Meeting  
Agenda of April 13, 2022  
The motion carried by a unanimous vote.  
2022-117  
C.  
Proposed FY 2022 Second Quarter Budget Amendments  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7C FY 2022 Second Quarter Budget Amendments  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Recommended for Approval to the Board of Directors  
Agenda of April 27, 2022  
The motion carried by a unanimous vote.  
2022-128  
D.  
Calendar Year 2022 Financing Team Selection  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 7D1 Proposed Underwriter Selection  
Chairperson Baker requested a Motion for the Audit Committee to adopt the  
approach outlined for the selection of the Book Running Senior Manager and  
Co-Senior Manager for the 2022 bond transaction, and authorize staff to proceed  
with soliciting the proposals and presentations.  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Adopted  
The motion carried by a unanimous vote.  
8. Reports  
2022-122  
A.  
CFO Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8A1 CFO Report  
8A2 Pre-Scoring Evaluation Team Meeting 3-24-22  
Chairperson Baker requested a Motion to direct staff to score proposals for the  
External Auditor Services and provide recommendations to the Audit Committee  
to interview.  
Motion By: Gary Brown  
Supprt By: Jaye Quadrozzi  
Action: Approved  
The motion carried by a unanimous vote.  
Chairperson Baker requested a Motion to Receive and File the CFO Report.  
Motion By: Gary Brown  
Support By: Jaye Quadrozzi  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-123  
B.  
C.  
D.  
E.  
Monthly Financial Report for December 2021  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8B December 2021 Financial Report_Tagetik  
Motion By: Gary Brown  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-124  
Business Inclusion and Diversity Program Update  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8C Business Inclusion and Diversity Program Update  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-125  
Quarterly Gifts, Grants & Other Resources Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8D Gifts, Grants and Other Resources Report  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-118  
Quarterly Debt Report  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 8E Quarterly Debt Report as of 12.31.2021  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Received and Filed  
The motion carried by a unanimous vote.  
2022-130  
F.  
Annual Procurement Report  
Nicolette Bateson  
Sponsors:  
Finance  
Indexes:  
Attachments: 8F Annual Procurement Report FY 2021  
Motion By: Jaye Quadrozzi  
Support By: Brian Baker  
Action: Received and Filed  
The motion carried by a unanimous vote.  
9. Communications  
2022-127  
A.  
B.  
C.  
The Procurement Pipeline for March 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9A The Procurement Pipeline for March 2022  
No Action Taken  
2022-131  
Correction of FY 2023 Approved Pollutant Surcharge Charge Support  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9B FY 2023 Pollutant Surcharge Correction Communication  
No Action Taken  
2022-132  
Moody’s Credit Opinion Re Great Lakes Water Authority, March 23, 2022  
Nicolette Bateson  
Finance  
Sponsors:  
Indexes:  
Attachments: 9C Moody's Credit Opinion - Great-Lakes-Wtr-Auth-MI - 23Mar22  
No Action Taken  
10. Look Ahead  
A. The next Audit Committee Meeting is scheduled to be held Friday, April 22, 2022 at 8:00 a.m.  
11. Other Matters  
There were no other matters.  
12. Adjournment  
Chairperson Baker requested a Motion to Adjourn.  
Motion By: Jaye Quadrozzi  
Support By: Gary Brown  
Action: Approved  
The motion carried by a unanimous vote.  
There being no further business, the meeting was adjourned at 9:55 a.m.